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City / Town Overview

Royal Oak, MI

Aggregate real estate market report across all ZIPs in scope
Buyer's Market
April 2026  ·  Source: Realtor.com

Market Analysis

Data as of April 2026. Source: Realtor.com.

The Royal Oak, MI real estate market currently shows 263 active listings, with 113 pending sales. Homes are averaging 31.6 days on the market before going under contract.

Inventory has increased compared to last year, with 48 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 31.6 days on market compared to 23.9 days last year.

The median listing price has fallen 1.1% year-over-year, from $397,085 to $392,730.

Whether you are buying or selling in Royal Oak, MI, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 58,107  ·  Density: 1,887.7/mi²  ·  Median household income: $93,131

Typical home value: $287,288  ·  Homeownership: 65.4%

Included Areas

Royal Oak: 48067, 48068, 48073

Area Map

Market Overview

Active Listings
263
⇧ 22.3% vs 215 last year
Pending
113
43% pending ratio
Median Price
$392,730
⇩ 1.1% vs $397,085 last year
Average Price
$475,768
⇧ 3% vs $462,108 last year
Days on Market
31.6
⇧ 32.2% vs 24 days last year

Price Per Square Foot

Median $/sqft
$285
⇧ 1.9% vs $280/sqft last year
Median Home Size
1,383 sqft
Typical listing size
12-Month $/sqft Trend

12-Month Trends

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %